North European Oil Royalty Trust (NYSE:NRT) Rating Increased to Buy at StockNews.com

North European Oil Royalty Trust (NYSE:NRT) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

North European Oil Royalty Trust Stock Down 1.6 %

Shares of North European Oil Royalty Trust stock opened at $4.79 on Friday. North European Oil Royalty Trust has a twelve month low of $3.88 and a twelve month high of $8.62. The company’s 50 day moving average is $4.49 and its 200 day moving average is $4.87. The company has a market cap of $44.02 million, a price-to-earnings ratio of 9.21 and a beta of 0.76.

North European Oil Royalty Trust (NYSE:NRT) last announced its earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share for the quarter. North European Oil Royalty Trust had a net margin of 87.43% and a return on equity of 537.09%.

Institutional Trading of North European Oil Royalty Trust

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Swan Global Investments LLC grew its holdings in shares of North European Oil Royalty Trust (NYSE:NRT) by 102.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,600 shares of the energy company’s stock after acquiring an additional 32,750 shares during the period. Swan Global Investments LLC owned about 0.70% of North European Oil Royalty Trust worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 6.97% of the company’s stock.

About North European Oil Royalty Trust

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.